LensCrafters 2011 Annual Report Download - page 233

| 157 >CONSOLIDATED FINANCIAL STATEMENTS - NOTES
Deferred tax liabilities amounted to Euro 456.4 million and Euro 429.8 million, respectively,
as of December 31, 2011 and December 31, 2010.
As of December 31
(thousands of Euro) 2011 2010
Dividends 5,689 5,689
Trade name 233,729 236,346
Fixed assets 66,120 33,192
Other intangibles 140,682 135,105
Other 10,155 19,516
Total 456,375 429,848
Deferred tax liabilities primarily refer to temporary differences between the tax base and
the book value of intangible and fixed assets.
The change in 2011 as compared to 2010 is mainly driven by the US subsidiaries of the
Group and is related to the fixed assets which increase as a result of the possibility granted
by the US tax law which allows for acceleration of tax amortization of fixed assets purchased
during the period.
Consistent with the change in the software presentation within the consolidated statements
of financial position discussed in note 11 “Property, plant and equipment – net,” in the
above table the 2010 comparative information on software related deferred tax liabilities,
amounting to Euro 43.7 million, have been reclassified from the “fixed assets” line item to
the “other intangibles” line item to conform to the current year presentation.
OTHER NON-CURRENT LIABILITIES
 As of December 31
(thousands of Euro) 2011 2010
Provision for risk 80,400 82,855
Other liabilities 152,388 113,077
Other financial liabilities 66,757 114,658
Total other non-current liabilities 299,545 310,590
The provision for risks primarily includes:
1. accruals for “self-insurance” covering specific risks, amounting to Euro 23.8 million
(Euro 26.9 million as of December 31, 2010);
2. accruals for various legal disputes arising from normal business activities, totaling
Euro 8.6 million (Euro 6.0 million as of December 31, 2010);
3. accruals for tax liabilities of Euro 36.4 million (Euro 37.5 million as of December 31,
2010).
22. DEFERRED TAX
LIABILITIES
23. OTHER NON-
CURRENT LIABILITIES